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LBE Longboat Energy Plc

16.75
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Longboat Energy Investors - LBE

Longboat Energy Investors - LBE

Share Name Share Symbol Market Stock Type
Longboat Energy Plc LBE London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 16.75 08:00:00
Open Price Low Price High Price Close Price Previous Close
16.75 16.75 16.75 16.75
more quote information »
Industry Sector
OIL & GAS PRODUCERS

Top Investor Posts

Top Posts
Posted at 12/4/2024 04:39 by ohisay
Investor meet video..
Posted at 11/4/2024 08:56 by someuwin
11 April 2024

Longboat Energy plc

("Longboat Energy", "Longboat" or the "Company")

Investor Presentation

Longboat Energy, the emerging full-cycle E&P company, is pleased to announce that Helge Hammer, CEO, Jon Cooper, CFO, Hilde Sathe, Managing Director - Longboat JAPEX, and James Menzies, Executive Charman SE Asia will provide a live presentation via Investor Meet Company on 11 Apr 2024, 15:00 BST.

Investors can sign up to Investor Meet Company and add to meet LONGBOAT ENERGY PLC via:



Investors who already follow LONGBOAT ENERGY PLC on the Investor Meet Company platform will automatically be invited.

The information contained within this announcement is not considered to be inside information prior to its release.
Posted at 21/2/2024 16:32 by zengas
Just for you Chutes. The share price is no reflection of the current assets and easy, very easy to be downbeat at any point in time on any stock.

I remember it being a painfully slow burn so to speak at Sterling waiting for the asset injection which happened with the new strategy in May 21 and a rename. Could have been picked up at 8.5p Dec 19 and 14.5p in late 21 - now 41p and only the start for more acquisitions.

Likewise look at Serica 43p in March 2012 and could have been picked up in the 3p range Jan - April 2015 and at 5p to Sept that year.

90p Jan 2018. 57p 6 months later end of June.

140p range Feb 2019 - Jan 2020.

150p+ mid 2021

420p early 2022 retreating to 245p May 2022..

Averaged 240p for 2023.

Jan 2024 220p to it's current 178p.

12/6/22 - 'Britain's savviest investment couple are sitting on shares worth more than £80million after good news last week from Serica Energy. David and Debbie Hardy, who run a Midlands building firm, are the largest shareholders in the North Sea energy producer. Serica's shares to £2.90, sending the value of the Hardys' 10.4 per cent soaring to £82million. David, 63, and Debbie, 58, bought into the business for as little as 3p a share.'



I see someone perhaps equally canny has bought and increased to 4m here or 7% up from 6% back in October.

We have the first Norwegian albeit small production assets/reserves with a ramp up in production as wells come on line this quarter.

More to come since the new strategy announced and the legacy discoveries also injected into the JV.

$100m funding from Japex for the Norwegian JV since it was set up in the last 9 months with the Japanese govt as a major investor in Japex.

On the 2nd front (Malaysia.) An asset in Block 2A with 9 TCF estimated mid case recoverable in one prospect alone (multiple prospects) added in the last 9 months which has the potential for $1b of value creation even on a 20% post farmout retention and has some $20m+ of 3D spend. As evidenced by the valuation given to the Sapura-OMV JV last month by Total Energies takeover posted above.

More Malaysian/S.E Asia assets to come.

£11m m/cap at 18.75p.

PIs happy to pay 4p last few months at UPL valuing it at £48m on nothing else other than an unknown stake in an unawarded Sarawak block with very limited 2D and zero 3D.

Like i said, it depends on your entry point relative to the strength/potential of all new and upcoming assets under the new strategy.
Posted at 21/2/2024 13:19 by chutes01
All good stuff, but meanwhile investors sit underwater and look on
Go on then ...
Posted at 16/2/2024 17:18 by danmart2
Difference being LBE board have not achieved a lot, the jury is very much out, investors getting fed up
Posted at 06/2/2024 23:08 by cashandcard
danmart2,Interesting. But what you indicate is exactly why the market is pretty cool on this one. Small % deals on some small-scale development are not going to change the dial for investors.Kertang however, well that is company making. Its the opportunity it offers.Cash
Posted at 02/2/2024 11:47 by sogoesit
Oil and Gas needs patience unless you're punting a well or two.
5 years at least for this one, maybe 3 if we're lucky. But very few long term growth investors in UK.
(GRQ schemes demand a lot of hard work... haha! But I'm sure punters are very succesfull. Who knows?)
To the detriment of the market, as is evident, imv.

As Jesse Livermore said: "Money is made by sitting, not trading."
Take your pick.
Posted at 15/1/2024 09:45 by ohisay
FWIW..

Investors can look beyond the current market price with the aid of Morningstar's Fair Value Estimate, which guides them to a stock's long-term intrinsic value.
Morningstar determines its fair value estimate based on how much cash a company is projected to generate in the future.Daily calculations of Premium/Discount% compare the close price at the time of calculation to the Fair Value.

Fair value estimate

41.8869p
50% discount

Updated 09/01/2024
Posted at 28/12/2023 13:05 by danmart2
2024 very much the make or break year for investors, should see development in both norway and malaysia
Posted at 15/12/2023 06:07 by ohisay
Yes need both but not much downside there at £10m market cap .

Still getting mentions in the press.


Traditional PSCs still attracting investors

Of the “traditional” exploration blocks offered under MBR 2022, deep water Block 2A has perhaps attracted the most attention since its award to UK-based Longboat Energy in February 2023. Longboat has since increased its equity in the block to 52.5% through the acquisition of the privately held original partner Topaz and its 15.75% stake. Operator Longboat is now partnered by Petronas Carigali (40%) and PSEP (7.5%).

Within Block 2A, the Kertang Prospect lies in 1,000 m of water and comprises a N-S trending anticlinal closure with estimated potential mean prospective gas resources of 8-10 Tcf in multiple stacked Cycle I and Cycle II/III reservoirs.

With prospects of the quality of Kertang and a further 10 exploration blocks and two DROs offered under MBR 2023, Malaysia can certainly be considered as an ongoing “Hotspot” in the APAC region.

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